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MARKET RECAP – FEBRUARY 27, 2024

Written By: Jenny Galeano Gamboa

February 27, 2024

STOCK MARKET

Dow Jones ended at $39,069.23 (-0.25%)

S&P 500 ended at $5,078.18 (+0.17%)

Nasdaq Composite ended at $16,035.30 (+0.37%)

The stock market experienced mixed performances on Tuesday, with the S&P 500 and Nasdaq Composite seeing modest gains while the Dow Jones Industrial Average declined. This divergence was driven by several factors, including anticipation of upcoming inflation data and varying performances across different sectors. While retail and technology sectors saw gains, concerns about consumer confidence and economic indicators, such as declining orders for durable goods, contributed to the Dow’s fall. The upcoming release of key economic data, including inflation indicators, is expected to continue shaping market sentiment in the near term.

CRYPTO MARKET

Bitcoin rose by 4.64% for the day, with a value of $57,055.36 as of 3:00 PM CST, as stated by Coin Metrics.

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